BPI INSTRUMENTS
ActiveSummary
BPI INSTRUMENTS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,616 and a net result of €13,850. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+6
Solvency47▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.12 in 2024; short-term debt: 56% and cash: 2.8% of total assets), and 78.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
19 d late
2023
4 d late
2022
16 d late
2021
9 d late
2019
15 d late
2018
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,850▲ 32.4%
2024 · €10,460
Working capital
€51,234▲ 15.2%
2024 · €44,470
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,674-€17,569▼ 49.3%€23,830▲ 35.6%€20,286▼ 14.9%€32,645▲ 60.9%
Net result€15,472within the sector's middle half-€980within the sector's middle half▼ 93.7%€5,216within the sector's middle half▲ 432%€10,460within the sector's middle half▲ 101%€13,850within the sector's middle half▲ 32.4%
Equity€194,726within the sector's middle half-€193,552within the sector's middle half▼ 0.6%€196,614within the sector's middle half▲ 1.6%€114,920within the sector's middle half▼ 41.6%€126,616within the sector's middle half▲ 10.2%
Total assets€644,932within the sector's middle half-€598,408within the sector's middle half▼ 7.2%€641,548within the sector's middle half▲ 7.2%€634,105within the sector's middle half▼ 1.2%€577,671below the sector's middle half▼ 8.9%
Debt€450,206-€404,855▼ 10.1%€444,934▲ 9.9%€519,184▲ 16.7%€451,055▼ 13.1%
Working capital€164,890within the sector's middle half-€146,688within the sector's middle half▼ 11.0%€132,874within the sector's middle half▼ 9.4%€44,470within the sector's middle half▼ 66.5%€51,234within the sector's middle half▲ 15.2%
Solvency30.2%within the sector's middle half-32.3%within the sector's middle half▲ 2.2pp30.6%within the sector's middle half▼ 1.7pp18.1%within the sector's middle half▼ 12.5pp21.9%within the sector's middle half▲ 3.8pp
Current ratio1.55within the sector's middle half-1.66within the sector's middle half▲ 0.111.46within the sector's middle half▼ 0.191.12within the sector's middle half▼ 0.341.16within the sector's middle half▲ 0.03
Return on assets (ROA)2.4%within the sector's middle half-0.2%within the sector's middle half▼ 2.2pp0.8%within the sector's middle half▲ 0.6pp1.6%within the sector's middle half▲ 0.8pp2.4%within the sector's middle half▲ 0.7pp
Staff (FTE)2below the sector's middle half-2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577,671
Fixed assets
€202,995 ▼ 12.8%
Current assets
€374,676 ▼ 6.4%
Equity and liabilities €577,671
Equity
€126,616 ▲ 10.2%
Debt
€451,055 ▼ 13.1%
Debt's share of the balance-sheet total falls from 81.9% to 78.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,154▲
2024 · €59,288
Cash flow
€55,359▲
2024 · €49,462
Quick ratio
0.50▼
2024 · 0.64
Debt to equity
3.56▼
2024 · 4.52
ROE
10.9%▲
2024 · 9.1%
Interest coverage
4.57▲
2024 · 3.94
Debt ≤ 1 year
€323,441▼
2024 · €355,936
Debt > 1 year
€124,832▼
2024 · €161,786
Income taxes
€5,431▲
2024 · -€627
Staff costs
€119,970▲
2024 · €113,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €103,254 | €110,216 | €113,743 | €119,970 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,517 | €22,217 | €29,128 | €39,002 | €41,509 | ▲ 6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,638 | €12,655 | -€31,054 | -€14,691 | ▲ 52.7% |
| Other operating charges640/8 | - | €7,762 | €3,606 | €4,416 | €3,900 | ▼ 11.7% |
| Non-recurring operating charges66A | - | - | €405 | - | - | - |
| Gross operating margin9900 | €174,582 | €157,440 | €179,839 | €146,393 | €183,333 | ▲ 25.2% |
| Operating profit (loss)9901 | €34,674 | €17,569 | €23,830 | €20,286 | €32,645 | ▲ 60.9% |
| Financial income75/76B | - | €2,395 | €6,013 | €4,586 | €2,848 | ▼ 37.9% |
| Recurring financial income75 | €5,066 | €2,395 | €6,013 | €4,586 | €2,848 | ▼ 37.9% |
| Financial charges65/66B | - | €16,228 | €21,143 | €15,039 | €16,212 | ▲ 7.8% |
| Recurring financial charges65 | €17,300 | €16,228 | €21,143 | €15,039 | €16,212 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €22,440 | €3,736 | €8,699 | €9,833 | €19,281 | ▲ 96.1% |
| Income taxes67/77 | €6,968 | €2,756 | €3,483 | -€627 | €5,431 | ▲ 966% |
| Profit (loss) for the period9904 | €15,472 | €980 | €5,216 | €10,460 | €13,850 | ▲ 32.4% |
| Profit (loss) for the period to be appropriated9905 | €15,472 | €980 | €5,216 | €10,460 | €13,850 | ▲ 32.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €644,932 | €598,408 | €641,548 | €634,105 | €577,671 | ▼ 8.9% |
| Formation expenses20 | €0 | €0 | €0 | €813 | €0 | ▼ 100% |
| Fixed assets21/28 | €181,539 | €229,033 | €222,254 | €232,885 | €202,995 | ▼ 12.8% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €163,880 | €211,374 | €204,965 | €218,276 | €191,916 | ▼ 12.1% |
| Land and buildings22 | - | €153,799 | €157,462 | €146,194 | €143,198 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €0 | €0 | €37,091 | €28,142 | ▼ 24.1% |
| Furniture and vehicles24 | - | €57,575 | €47,503 | €34,991 | €20,576 | ▼ 41.2% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €17,659 | €17,659 | €17,289 | €14,609 | €11,079 | ▼ 24.2% |
| Current assets29/58 | €463,394 | €369,375 | €419,294 | €400,407 | €374,676 | ▼ 6.4% |
| Stocks and contracts in progress3 | €202,644 | €201,430 | €177,546 | €173,215 | €211,601 | ▲ 22.2% |
| Stocks30/36 | - | €201,430 | €177,546 | €173,215 | €211,601 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €253,222 | €137,828 | €230,590 | €204,481 | €134,843 | ▼ 34.1% |
| Trade receivables40 | - | €137,828 | €230,590 | €199,258 | €112,515 | ▼ 43.5% |
| Other amounts receivable41 | - | €0 | €0 | €5,223 | €22,327 | ▲ 328% |
| Cash at bank and in hand54/58 | €2,581 | €19,024 | €2,581 | €9,803 | €16,403 | ▲ 67.3% |
| Deferred charges and accrued income490/1 | - | €11,093 | €8,577 | €12,908 | €11,829 | ▼ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €644,932 | €598,408 | €641,548 | €634,105 | €577,671 | ▼ 8.9% |
| Equity10/15 | €194,726 | €193,552 | €196,614 | €114,920 | €126,616 | ▲ 10.2% |
| Contributions10/11 | €0 | €116,000 | €116,000 | €28,600 | €28,600 | = |
| Reserves13 | €74,922 | €74,922 | €80,138 | €77,887 | €77,887 | = |
| Non-distributable reserves130/1 | - | €2,600 | €2,600 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,600 | €2,600 | €0 | - | - |
| Tax-exempt reserves132 | - | €46,747 | €46,747 | €46,747 | €46,747 | = |
| Distributable reserves133 | - | €25,575 | €30,791 | €31,140 | €31,140 | = |
| Profit (loss) carried forward14 | -€26,830 | -€25,849 | -€25,849 | -€15,738 | -€1,889 | ▲ 88.0% |
| Investment grants15 | - | €28,480 | €26,326 | €24,172 | €22,018 | ▼ 8.9% |
| Amounts payable17/49 | €450,206 | €404,855 | €444,934 | €519,184 | €451,055 | ▼ 13.1% |
| Amounts payable after more than one year17 | €150,234 | €181,222 | €155,382 | €161,786 | €124,832 | ▼ 22.8% |
| Financial debts170/4 | - | €181,222 | €155,382 | €161,786 | €124,832 | ▼ 22.8% |
| Amounts payable within one year42/48 | €298,504 | €222,687 | €286,419 | €355,936 | €323,441 | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €24,308 | €24,757 | €36,426 | €35,786 | ▼ 1.8% |
| Financial debts43 | - | €18,468 | €69,022 | €19,288 | €25,755 | ▲ 33.5% |
| Credit institutions430/8 | - | €18,468 | €69,022 | €19,288 | €25,755 | ▲ 33.5% |
| Trade debts44 | €161,206 | €146,203 | €142,764 | €185,282 | €150,834 | ▼ 18.6% |
| Suppliers440/4 | - | €146,203 | €142,764 | €185,282 | €150,834 | ▼ 18.6% |
| Advances received on contracts in progress46 | - | €2,580 | €2,580 | €2,580 | €2,580 | = |
| Taxes, remuneration and social security45 | - | €30,957 | €47,109 | €22,227 | €22,052 | ▼ 0.8% |
| Taxes450/3 | - | €13,301 | €23,526 | €3,779 | €983 | ▼ 74.0% |
| Remuneration and social security454/9 | - | €17,656 | €23,583 | €18,448 | €21,069 | ▲ 14.2% |
| Other amounts payable47/48 | - | €172 | €186 | €90,134 | €86,434 | ▼ 4.1% |
| Accrued charges and deferred income492/3 | - | €947 | €3,132 | €1,462 | €2,782 | ▲ 90.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,472 | €980 | €5,216 | €10,460 | €13,850 | ▲ 32.4% |
| + Depreciation and write-downs630 | €15,517 | €22,217 | €29,128 | €39,002 | €41,509 | ▲ 6.4% |
| Operating cash flow (approximation) | €30,989 | €23,197 | €34,344 | €49,462 | €55,359 | ▲ 11.9% |
| Investment in fixed assets (approximation) | - | -€69,711 | -€22,349 | -€49,634 | -€11,619 | ▲ 76.6% |
| Change in cash | - | €16,443 | -€16,443 | €7,223 | €6,600 | ▼ 8.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
2023
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 4 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
31-03
Financial
Weakest financial yearnet €980 ▼93.7%
Net result drops to €980, the lowest in the series; recovery starts the following year.
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
31-03
Financial
Highest result since 2019net €15,472 ▲222%
Operating result €34,674, net result €15,472, both a record.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 15 days late
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2015
01-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1997
Ground area
446 m²
Building footprint
143 m²
Volume, LiDAR
1,237 m³
Parcel 62804D0351/00R002, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Boulevard Gustave-Kleyer 104, 4000 Liège
since 19972.084.172.187
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804D0351/00R002 | Wallonia | 446 m² | 1 · 143 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VAPORMONKS
BE 0679.994.051
Genk · Eq €126,262
GALERIJ HOBO
BE 0421.146.284
Rumst · Eq €125,913
ATB Simons
BE 0891.158.004
Schoten · Eq €125,690
MAVI
BE 0895.231.509
Balen · Eq €127,660
XTREME CONCEPTS
BE 0836.395.069
Ronse · Eq €128,385
Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-10-1997
Fiscal year end31-03
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
47789Other retail sale of new goods
77399Renting and leasing of other machinery, equipment and tangible goods
95290Repair and maintenance of other personal and household goods
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461717327
Registered
24-04-2019
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.